New York
Is a liquidated damages clause enforceable in a puppy sale contract? The following clause is at the end of the puppy contract I have been asked to sign for a $900 puppy.
17. In the event the Purchaser breaches the terms of this contract, the Purchaser hereby agrees to pay to the Breeder the sum of $10,000.00 as liquidated damages to the breeder. Terms of this agreement are construed under the laws of the State of New York, and any disputes shall be deemed to have arisen in the town of LaGrange/LaGrangeville, New York. _________ Purchaser Initials
I have said I won't sign it with that clause but now a friend tells me she doesn't think it's enforceable because the fee is higher than the price of the dog. Doesn't that make in penal? And what damages are being caused to the breeder anyway?
Is a liquidated damages clause enforceable in a puppy sale contract? The following clause is at the end of the puppy contract I have been asked to sign for a $900 puppy.
17. In the event the Purchaser breaches the terms of this contract, the Purchaser hereby agrees to pay to the Breeder the sum of $10,000.00 as liquidated damages to the breeder. Terms of this agreement are construed under the laws of the State of New York, and any disputes shall be deemed to have arisen in the town of LaGrange/LaGrangeville, New York. _________ Purchaser Initials
I have said I won't sign it with that clause but now a friend tells me she doesn't think it's enforceable because the fee is higher than the price of the dog. Doesn't that make in penal? And what damages are being caused to the breeder anyway?